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CNN 5 Things

Interest Rates, Epstein Records Ruling, Pro-AI Midterm Ads and more

CNN 5 Things

CNN

News, Daily News

3.71.3K Ratings

🗓️ 10 December 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

The Federal Reserve is set to cut interest rates to shore up a shaky job market. Another federal judge has just ruled on releasing records relating to Jeffrey Epstein’s 2019 sex trafficking case. There are more instances of US strikes on alleged drug boats that have initially left survivors. A pro-AI super PAC is launching its first candidate ads. Plus, why this year’s Nobel Peace Prize winner wasn’t there to collect the award. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey there, from CNN. I'm David Rind with the five things you need to know for Wednesday,

0:06.0

December 10th.

0:07.0

Let's start with President Donald Trump's speech last night in Pennsylvania, where he debuted his

0:12.0

administration's new messaging on the economy, which basically boils down to, yes, prices are

0:18.0

high, but it's Democrats' fault.

0:20.0

They caused the high prices, and we're bringing them down.

0:23.8

During that same 90-minute speech last night, he also called concerns about affordability

0:28.0

a hoax, before acknowledging he'd been encouraged not to say that because it'd be misconstrued.

0:33.3

But while Trump debates whether there's an affordability crisis in America, the divided

0:37.6

Federal Reserve is sent to announce interest rates.

0:40.9

Today's decision will likely be the Fed's toughest call since at least September of last year,

0:45.0

in part because they're flying somewhat blind.

0:48.0

CNN's Matt Egan explains why.

0:50.0

If this plays out as expected, this would lower the Fed rate by almost two full percentage

0:55.1

points from the peak last year.

0:57.0

But we also have to think about why the Fed is cutting.

0:59.5

It's not because inflation is down.

1:02.0

It's right where it was when the year started.

1:04.0

It's really because unemployment is up and Fed officials want to act now to shore up the

1:09.5

shaky job market.

1:10.8

Now, make no mistake, this does look like a tough call. Fed officials want to act now to shore up the shaky job market.

1:17.4

Now, make no mistake, this does look like a tough call from an increasingly divided Federal Reserve,

...

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